Technical analys of gold and silver (Anton Hanzenko)
Gold chart (current price: $ 1295.00)
Gold, after a significant decline yesterday, is traded near the lower border of the channel, remaining in the correction phase.
- Resistance 1: From $ 1303.00 (May 9 minimum)
- Resistance 2: From $ 1325.00 (technical level)
- Support 1: From $ 1310.00 (opening day level)
- Support 2: From $ 1285.00 (technical level)
Computer analysis: The Stochastic Oscillator movings are in the overbought zone after a minor correction, which indicates a technical inclination to decline.
Silver chart (current price: $ 16.35)
Silver remains in the general downtrend after a rapid decline.
- Resistance 1: From $ 16.40 (technical level)
- Resistance 2: From $ 16.60 (technical level)
- Support 1: From $ 16.20 (technical level)
- Support 2: From $ 16.00 (May minimum)
Computer analysis: The Stochastic Oscillator movings are in the overbought zone, after a slight correction.